Financials Japan Airlines Co., Ltd. Deutsche Boerse AG

Equities

JAL

JP3705200008

Airlines

Real-time Estimate Tradegate 09:57:06 08/07/2024 pm IST 5-day change 1st Jan Change
14.65 EUR -0.34% Intraday chart for Japan Airlines Co., Ltd. -0.68% -17.45%

Valuation

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 6,70,514 10,79,408 10,00,747 11,28,353 12,74,968 11,10,654 - -
Enterprise Value (EV) 1 5,33,141 11,72,086 13,91,625 14,14,609 14,48,394 13,01,125 12,75,926 12,75,761
P/E ratio 12.8 x -3.23 x -5.64 x 32.8 x 13.3 x 10.6 x 9.19 x 8.63 x
Yield 2.76% - - 0.97% 2.57% 3.27% 3.74% 4.02%
Capitalization / Revenue 0.48 x 2.24 x 1.47 x 0.82 x 0.77 x 0.59 x 0.56 x 0.54 x
EV / Revenue 0.38 x 2.44 x 2.04 x 1.03 x 0.88 x 0.69 x 0.64 x 0.62 x
EV / EBITDA 2.23 x -5.43 x -23 x 6.35 x 4.98 x 4.17 x 3.77 x 3.62 x
EV / FCF -3.3 x -3.79 x -5.02 x 7.85 x 9.93 x 34.2 x 12.3 x 16.4 x
FCF Yield -30.3% -26.4% -19.9% 12.7% 10.1% 2.93% 8.16% 6.1%
Price to Book 0.61 x 1.14 x 1.25 x 1.38 x 1.4 x 1.14 x 1.05 x 0.97 x
Nbr of stocks (in thousands) 3,36,942 4,37,007 4,37,007 4,37,007 4,37,007 4,37,007 - -
Reference price 2 1,990 2,470 2,290 2,582 2,918 2,542 2,542 2,542
Announcement Date 30/04/20 07/05/21 06/05/22 02/05/23 02/05/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 14,11,230 4,81,225 6,82,713 13,75,589 16,51,890 18,89,541 19,86,688 20,46,779
EBITDA 1 2,38,667 -2,15,800 -60,623 2,22,760 2,90,892 3,12,237 3,38,529 3,52,178
EBIT 1 1,00,632 -3,98,300 -2,34,767 64,563 1,40,932 1,66,178 1,88,325 2,00,715
Operating Margin 7.13% -82.77% -34.39% 4.69% 8.53% 8.79% 9.48% 9.81%
Earnings before Tax (EBT) 1 96,513 -4,04,078 -2,46,617 52,429 1,39,306 1,60,470 1,79,709 1,89,780
Net income 1 53,407 -2,86,693 -1,77,551 34,423 95,534 1,05,173 1,20,850 1,28,721
Net margin 3.78% -59.58% -26.01% 2.5% 5.78% 5.57% 6.08% 6.29%
EPS 2 155.7 -765.0 -406.3 78.77 218.6 240.7 276.6 294.6
Free Cash Flow 1 -1,61,543 -3,09,205 -2,77,314 1,80,142 1,45,870 38,085 1,04,060 77,769
FCF margin -11.45% -64.25% -40.62% 13.1% 8.83% 2.02% 5.24% 3.8%
FCF Conversion (EBITDA) - - - 80.87% 50.15% 12.2% 30.74% 22.08%
FCF Conversion (Net income) - - - 523.32% 152.69% 36.21% 86.11% 60.42%
Dividend per Share 2 55.00 - - 25.00 75.00 83.20 95.17 102.2
Announcement Date 30/04/20 07/05/21 06/05/22 02/05/23 02/05/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2020 S2 2021 S1 2021 S2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 S1 2025 Q3 2025 Q4 2026 Q1
Net sales 1 6,51,386 1,94,700 2,86,525 2,90,647 2,07,833 1,84,233 2,68,896 3,49,626 6,18,522 3,87,067 3,69,999 7,57,067 3,81,440 4,39,498 8,20,938 4,28,427 4,02,525 4,32,640 4,99,379 9,30,000 4,73,783 4,51,057 -
EBITDA - - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 19,316 -2,23,900 -1,74,400 -1,41,703 -31,842 -61,222 -30,186 26,228 -3,958 37,900 30,621 - 1,87,424 59,852 91,235 37,564 14,980 30,061 69,451 1,07,000 43,269 23,574 -
Operating Margin 2.97% -115% -60.87% -48.75% -15.32% -33.23% -11.23% 7.5% -0.64% 9.79% 8.28% - 49.14% 13.62% 11.11% 8.77% 3.72% 6.95% 13.91% 11.51% 9.13% 5.23% -
Earnings before Tax (EBT) 1 - -2,28,252 - -1,54,446 -34,246 -57,925 -28,808 25,974 -2,834 27,499 27,764 - 31,897 57,198 89,095 34,875 15,336 34,000 66,000 1,00,000 39,000 18,000 -
Net income 1 - -1,61,226 - -1,04,976 -23,346 -49,229 -19,560 17,448 -2,112 - 18,110 - 23,063 38,608 61,671 24,201 9,662 23,171 42,383 68,000 25,420 4,145 -
Net margin - -82.81% - -36.12% -11.23% -26.72% -7.27% 4.99% -0.34% - 4.89% - 6.05% 8.78% 7.51% 5.65% 2.4% 5.36% 8.49% 7.31% 5.37% 0.92% -
EPS 2 - -478.4 - -240.2 -53.42 -112.6 -44.76 39.93 -4.830 42.16 41.44 - 52.77 88.35 141.1 55.38 22.11 34.90 98.43 - 59.63 11.77 -
Dividend per Share 2 - - - - - - - - - - - - - - 30.00 - 45.00 - 40.00 - - 40.00 -
Announcement Date 30/04/20 30/10/20 07/05/21 02/11/21 02/02/22 06/05/22 01/08/22 01/11/22 01/11/22 02/02/23 02/05/23 02/05/23 01/08/23 31/10/23 31/10/23 02/02/24 02/05/24 - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - 92,678 3,90,878 2,86,256 1,73,426 1,90,471 1,65,272 1,65,107
Net Cash position 1 1,37,373 - - - - - - -
Leverage (Debt/EBITDA) - -0.4295 x -6.448 x 1.285 x 0.5962 x 0.61 x 0.4882 x 0.4688 x
Free Cash Flow 1 -1,61,543 -3,09,205 -2,77,314 1,80,142 1,45,870 38,085 1,04,061 77,769
ROE (net income / shareholders' equity) 4.7% -29.2% -20.3% 4.3% 11.1% 11.2% 12.1% 11.9%
ROA (Net income/ Total Assets) 5.27% -20.4% -11% 2.14% 5.39% 4.39% 4.83% 5%
Assets 1 10,12,649 14,07,164 16,12,297 16,06,045 17,72,697 23,94,875 25,03,098 25,77,007
Book Value Per Share 2 3,249 2,168 1,830 1,868 2,082 2,239 2,432 2,632
Cash Flow per Share 2 558.0 -256.0 2.820 441.0 562.0 708.0 705.0 736.0
Capex 1 2,39,611 89,686 1,61,306 1,17,488 2,18,075 2,56,000 2,44,000 2,56,000
Capex / Sales 16.98% 18.64% 23.63% 8.54% 13.2% 13.55% 12.28% 12.51%
Announcement Date 30/04/20 07/05/21 06/05/22 02/05/23 02/05/24 - - -
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
2,566 JPY
Average target price
3,176 JPY
Spread / Average Target
+23.75%
Consensus
  1. Stock Market
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  5. Financials Japan Airlines Co., Ltd.